Data Exchange and Marketplace, a New Business Model in Making

The Internet of Things (IoT) refers to the network of numerous physical devices, also known as the Internet of objects, refers to the networked interconnection of everyday objects (20 billion by 2020, according to Gartner). Such devices will be an integral part of next-generation computing, additionally, these devices will produce astronomical data volume, catapulting us into the world of zettabytes and yottabytes. Data is a new Oil, which is a byproduct of doing operations and for others, same data can be a catalyst to capture newer insights, build AI models and drive innovation. Data Explorers and Data Miners: It would not be easy to find valuable data from massive data reservoir acquired from diverse sources. The exploration requires tremendous effort and there will be an opportunity for players and service providers who can choose an area or segment(s) and build competency.